Graphite Electrode Market Size, Status and Business Growth 2020 to 2025

The Global Graphite Electrode Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The market for graphite electrode is anticipated to register a CAGR of around 5% (in terms of volume) during the forecast period.

Key Market Players:

EPM Group, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite india Limited, HEG Limited, Jilin Carbon Co. Ltd, KAIFENG CARBON CO., LTD, Nantong Yangzi Carbon Co. Ltd, Nippon Carbon Co. Ltd, SANGRAF International Inc., SEC CARBON LIMITED, SHOWA DENKO K.K., Tokai Carbon Co. Ltd and Other

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Industry News

November 30: GrafTech International Ltd. (NYSE:GTI) today announced that it has completed the acquisitions of Seadrift Coke L.P. (Seadrift), the world’s second largest producer of petroleum-based needle coke, and C/G Electrodes LLC (C/G), a US-based graphite electrode producer, pursuant to the previously announced merger agreements.

Key Market Trends

Increasing Production of Steel through Electric Arc Furnace Technology

- Electric arc furnace takes steel scrap, DRI, HBI (hot briquetted iron, which is compacted DRI), or pig iron in solid form, and melts them to produce steel. In the EAF route, electricity provides the power to melt the feedstock.
- Graphite electrode is primarily used in electric arc furnace (EAF) steelmaking process, to melt steel scrap. Electrodes are made of graphite because of its ability to withstand high temperatures. In EAF, the tip of the electrode can reach 3,000 Fahrenheit, which is half the temperature of the surface of sun. The size of electrodes varies widely, from 75mm in diameter, to as large as 750mm in diameter, and up to 2,800mm in length.
- The price surge of graphite electrodes pushed up EAF mills costs. An average EAF is estimated to consume approximately 1.7 kg of graphite electrodes to produce one metric ton of steel.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share. China occupies the largest share in terms of consumption and production capacity of graphite electrodes in the global scenario.
- The new policy mandates in Beijing and other major provinces in the country force the steel producers to close a capacity of 1.25 million tons of steel produced through environmentally harmful route in order to produce a new capacity of 1 million ton of steel. Such policies have supported the shift of manufacturers from conventional methods of steel production to the EAF method.
- The growing production of motor vehicles, along with the expanding residential construction industry, is expected to support the domestic demand for non-ferrous alloys and iron and steel, which is a positive factor for the growth of the graphite electrode demand in the coming years.

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The market factors explained in the report:

Market Overview: It includes Graphite Electrode Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Graphite Electrode Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Graphite Electrode Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Graphite Electrode Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Graphite Electrode Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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